Telegram will release its own currency on the TON platform

Telegram will release its own currency on the TON platform

user avatar

by Eve Adams

2 years ago


Starting June 12, the Telegram messenger will introduce an internal currency, Telegram Stars, for purchasing digital goods and services in bots and mini-apps. The company has notified developers about this innovation.

This initiative follows a warning from Apple regarding a violation of App Store policies, which prohibit accepting internal payments, including cryptocurrencies. Otherwise, bots and mini-apps could be removed.

Users will be able to purchase the new currency on the App Store or Google Play and use it for digital purchases. Payments for physical goods and services will remain unchanged. Developers will be able to withdraw Telegram Stars through the TON blockchain at any time.

Bot owners reacted negatively to the news, pointing out the 30% commission Apple takes from each payment.

It turns out that Telegram earns dollars from users who buy Telegram Stars, and then gives developers and bot owners tokens in the form of the unstable TON currency,wrote the author of the channel "Marzaganov Broadcasting."

"Kod Durova" suggested that the old scheme for purchasing digital goods and services would remain available in app versions downloaded outside the App Store and Google Play.

Previously, Telegram founder Pavel Durov reported that Apple had demanded to restrict access to content for Ukrainian users on iOS.

In April, at the Token2049 conference, Durov announced the possibility of purchasing digital goods with cryptocurrency in Telegram, promising sellers 70% of the revenue. The messenger also introduced a feature to send tips to content creators in digital assets.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

ShredPay Partners with Jack Henry to Enhance Digital Asset Integration

ShredPay partners with Jack Henry to enable banks and credit unions to access stablecoin and digital asset services.

user avatarLi Weicheng

Strive Increases Bitcoin Holdings to 26,355 BTC

Strive has disclosed a purchase of 1,355 BTC, raising its total Bitcoin holdings to 26,355 BTC.

user avatarAisha Farooq

Broadcom Set to Gain from Alphabet's Custom TPU Sales

Broadcom is set to benefit from Alphabet's decision to sell custom TPUs to external data centers, enhancing its AI semiconductor revenue through a long-term agreement until 2031.

user avatarBayarjavkhlan Ganbaatar

Alphabet Enters Hardware Market with Custom TPUs for Data Centers

Alphabet announces the sale of its custom-made Tensor Processing Units (TPUs) to external data centers, marking a significant move into hardware sales.

user avatarTenzin Dorje

CoinsBee and TRON DAO Launch Discount Campaign for USDT Payments

CoinsBee, in collaboration with TRON DAO, is launching a campaign that offers eligible users a 2% discount on purchases made with USDT on TRON.

user avatarMohamed Farouk

USDT on TRON Surpasses Bitcoin as Most Used Payment Method on CoinsBee

USDT TRC20 on the TRON network has become the most used on-chain token and payment option on CoinsBee, surpassing Bitcoin and Ethereum in payment activity.

user avatarElias Mukuru

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.